جستجوی مقالات مرتبط با کلیدواژه « voluntary disclosure incentives » در نشریات گروه « حسابداری »

Value of the earnings reporting process as one of the most important elements of decision making for the shareholders and also other capital market participants is contingent upon the amount of the information that this process makes available for the stock market. Elements such as information asymmetry and news in the company have impact on earnings reporting process and make changes to its earnings informativeness. The main objective of this study is to analyze the impact of information asymmetry and bad news on quarterly Earnings Informativeness of Tehran listed companies. In pursuance of this objective, data of 75 Tehran listed companies from 2010 to 2015 were used, and to gauge this correlation, panel fixed effects regression was applied. The results indicated that an increase in information asymmetry and bad news at the end of a quarter (but not the beginning of a quarter) has a positive and meaningful effect on the Earnings Informativeness of that quarter.

The present study is to analyze the impact of bad news on quarterly earnings in formativeness of Tehran listed companies during a quarter. The value of earnings reporting process, which is considered an information source for investors, highly depends on the delay in the release of the bad news. This process, be it either due to creating incentives for early and voluntary disclosure or as a result of mandatory disclosure, leads to more precise and prompt release of bad news. It seems managers are more inclined to voluntary disclosure when there is good news or there is no information asymmetry rather than when there is bad news about the company. The main question of this research is whether or not there is a meaningful relation between presence of bad news during a quarter and quarterly earnings in formativeness. In pursuance of answering this question, the data of 80 Tehran listed companies from 2008 to 2012, whose entire information can be found on CODAL, were analyzed using fixed effects regression. The result shows that there is meaningful positive relation between the presence of bad news during a quarter and quarterly earnings in formativeness.